Release of Q3 2014 financial information

information fournie par Boursorama •27/11/2014 à 18:46

Release of Q3 2014 financial information
Strengthening of the capital structure and redefining of the Company’s business strategy

Key recent events
• Reserved capital increase: On 10 November 2014, the Board of Directors of ORCO PROPERTY GROUP (the “Company”) resolved to raise EUR 59.2 million through an implementation of reserved capital increase, whereby 200 million of new ordinary Company shares were issued at a subscription price of EUR 0.296 per share on 10 November 2014. The new shares, having a par value of EUR 0.10 each, were subscribed as follows: (i) 100 million new shares were subscribed for a total subscription price of EUR 29.6 million by ASPLEY VENTURES LIMITED, British Virgin Islands, an entity closely associated with Mr. Pavel Spanko, and (ii) 100 million new shares for a total subscription price of EUR 29.6 million were subscribed by FETUMAR DEVELOPMENT LIMITED, Cyprus, an entity closely associated with Mr. Jan Gerner.
The corporate share capital of the Company has been increased from EUR 11,450,762.90 represented by 114,507,629 shares to EUR 31,450,762.90 represented by 314,507,629 shares. The total number of shares comprising the share capital of the Company as well as the total number of voting rights attached thereto is 314,507,629 as of today.
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